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A buy-side sidecar has been activated on the KOSPI after the index surged 6%.

The Crypto Fear & Greed Index from data provider CoinMarketCap has risen seven points from yesterday to 34, though it remains in the 'fear' category. A score closer to 0 signifies extreme market fear, while a score nearer to 100 indicates extreme optimism. CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's proprietary search data.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap (top) tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a particular range or moves significantly, with these brighter areas potentially acting as support or resistance. - The Cumulative Volume Delta (CVD) indicator (bottom) shows buy and sell orders categorized by trade size. As buy orders for a specific size increase, the corresponding colored line rises. For example, the yellow line represents orders from $100 to $1,000, while the brown line tracks large orders between $1 million and $10 million.

U.S. President Donald Trump warned in a Fox News interview on July 14 that the U.S. would strike Iranian bridges and power plants next week if the country does not return to the negotiating table. Trump stated that a powerful strike would be launched against Iran in the coming days, followed by attacks on its infrastructure, and threatened to destroy all of the country's bridges and power plants if it refuses to negotiate. He also revealed that a U.S. negotiator had contacted an Iranian official on July 14, warning that Iran would face dire consequences if it did not agree to a deal. Trump emphasized that any military action would continue until he personally decided to end it. While noting that Iran's military has been significantly weakened, he compared the nation to a great boxer, acknowledging it still has the capacity to strike back. He also did not rule out the possibility of sending ground troops but offered no further details.

Pro-crypto U.S. Senator Cynthia Lummis stated that ethics regulations related to cryptocurrency should not be aimed solely at President Trump but must be applied to everyone under the same standards, Cointelegraph reports. Her comments follow a statement from Democratic Senator Chris Van Hollen. At a press conference opposing the Clarity Act, Van Hollen had emphasized that Democrats should not pass any crypto legislation in the Senate without first addressing the ethical issues surrounding President Donald Trump's potential conflicts of interest.

Bitfinex noted in its latest Alpha report that Bitcoin (BTC) is showing a historical pattern of entering a full recovery phase after a bear market trend lasting about five to six months below its short-term holder realized price of $72,200. The report explained that with July marking the fifth month of the current downturn, the possibility of a significant rebound is growing. BTC has maintained relative stability recently, absorbing large-scale corporate selling and geopolitical risks. Last week, it held the $60,000 support level despite Strategy's (MSTR) largest-ever BTC sale and internal policy disagreements at the Fed. Additionally, spot BTC ETFs recorded a net inflow of $197.4 million, ending a nine-week streak of net outflows and signaling a potential return of institutional capital. However, the report added that macroeconomic factors, such as geopolitical instability in the Middle East, could still hinder an uptrend. For a trend reversal, both a stable macro environment and a recovery in demand are necessary. "Whether the seasonal strength of July can overcome macroeconomic uncertainty will be a key point for the market to watch," Bitfinex concluded.

Ethereum's (ETH) recent surge was driven by the easing of interest rate hike concerns after yesterday's U.S. Consumer Price Index (CPI) data came in below expectations, according to crypto analyst Darkfost. He explained that the market had previously priced in a roughly 46.5% probability of a rate hike at the FOMC meeting on July 29. However, with the release of the CPI data, the likelihood of a rate hike has virtually disappeared, prompting investors to rapidly move capital into the ETH futures market. In the hour immediately following the CPI announcement, approximately $1.2 billion in buying pressure was observed on Binance, with an additional $15 million on Deribit and $23.6 million on OKX. Darkfost cautioned that the rebound is largely speculative, driven by short-term funds reacting to macroeconomic indicators, and it is too early to consider it a sustained upward trend.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,020.79 on the Binance USDT market.

According to Iran's Tasnim News Agency, the Iranian military has announced it will continue its drone operations targeting U.S. military bases in the region until a final victory is achieved.

The U.S. Commodity Futures Trading Commission (CFTC) has ordered prediction market Kalshi not to cancel trades as previously mandated by a Michigan state court, which had banned the platform's sports betting activities last month. According to CoinDesk, the state court ordered Kalshi to halt online sports betting in June. Subsequently, on July 2, Kalshi filed an emergency request with the CFTC after the court directed it to void, cancel, and refund trades for some users in Michigan. CFTC Chairman Michael Selig stated that the agency will not allow state governments or courts to pressure CFTC-registered firms into violating the Commodity Exchange Act and CFTC regulations, adding that states do not have the right to interfere. He emphasized that canceling executed trades is an unprecedented measure that risks a chain reaction across the market, potentially creating uncertainty and undermining public trust.

Coinbase has announced that it will halt trading for Across Protocol (ACX) on July 28. The move comes after the Across Protocol team said it plans to shut down the project.

UK Chancellor of the Exchequer Reeves has announced plans to issue the country's first digital sovereign bond in early 2027.

The three major U.S. stock indices closed higher today. - S&P 500: +0.38% - Nasdaq: +0.90% - Dow Jones: +0.02%

Pro-crypto U.S. Senator Cynthia Lummis said she will introduce the full text of the Clarity Act within days, after working on the legislation for 10 months, Cointelegraph reported.

Hyperscale Data, a U.S. publicly traded Bitcoin treasury and AI data center company, recently purchased an additional 32.49 BTC, according to data from Bitcoin Treasuries. The company now holds 1,032.49 BTC.

The U.S. Securities and Exchange Commission's (SEC) crypto task force met with representatives from the lobbying group Hyperliquid Policy Center and the Hyperliquid perpetual futures trading platform trade.xyz to discuss potential regulations for crypto assets, The Block reported.

According to Iranian state media, U.S. strikes hit targets on Iran's Qeshm Island.

Shunyet Jan, Binance's head of spot and derivatives, predicted that stablecoins will change the landscape of cryptocurrency growth. In an interview with CoinDesk, he stated that Binance is striving to become a super app with payment capabilities, moving beyond its role as a simple crypto exchange. Jan noted that people are increasingly using crypto for purposes other than trading. While trading remains the core of Binance's business, he explained that the growing use of stablecoins for payments and remittances is creating a market far larger than that for trading alone. He suggested that if Binance were viewed as a payment service provider, its potential scale would be much greater.

An address believed to be associated with FTX and Alameda Research has moved 91,000 SOL ($7.08 million) to Coinbase Prime, Onchain Lens reported. This follows a transfer of 201,000 SOL ($15.14 million) from the same address to BitGo custody yesterday. The move is seen as a likely precursor to a sale.

Speaking at a press conference opposing the Clarity Act, Democratic Senator Chris Van Hollen of Maryland emphasized that Democrats should not allow any crypto legislation to pass the Senate without first addressing the ethical concerns surrounding President Donald Trump's conflicts of interest. With an updated draft of the bill expected to be released in the coming days ahead of a full Senate vote, Van Hollen added that he hopes the legislation never sees the light of day.

Tom Lee, founder of Bitmine, noted on social media that Ethereum was the best-performing macro asset on the day a lower-than-expected CPI was announced. He argued this supports the case for ETH being a currency.

The United States and the United Kingdom have announced a joint plan to support tokenized assets and stablecoins, CoinDesk reported. The U.S. Department of the Treasury and the UK's HM Treasury have released a 10-point roadmap to coordinate supervision over tokenized assets, stablecoins, and digital financial markets. The initiative focuses on reducing regulatory friction that could hinder the growth of security tokens, stablecoins, and other cryptocurrencies traded in both countries. To this end, the plan proposes forming an industry-led working group to test global tokenization projects, align security token regulations, and support the development of cross-border stablecoins. The announcement clarified that the plan outlines areas for closer cooperation among regulators—including the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the UK's Financial Conduct Authority (FCA), and the Bank of England—rather than introducing new regulations.

Binance co-founder He Yi stated via social media that since 2021, the exchange has assisted users in recovering over $8 billion in assets from mistaken cryptocurrency transfers.

According to a summary from crypto media outlet Wu Blockchain, the following are the cycle bottom predictions for Bitcoin from major traditional and crypto institutions: - Standard Chartered: Bottom forming around the $59,000 level - CryptoQuant, NYDIG, and Citi: Cycle bottom in the $53,000–$54,000 range - 10X Research: Bottom forming in the $46,628–$50,732 range - Galaxy Research: Bottom forming in the $40,000–$46,000 range - Bitfinex and 22V: Potential for a further decline to the $40,000 level

JP Morgan has downgraded its earnings forecast for Coinbase, citing a new agreement with Hyperliquid that it says has created a profit-eroding "prisoner's dilemma" for both Coinbase and Circle. Under the new terms, Coinbase will exclusively receive all interest income generated from USDC held on Hyperliquid, but will then pay 90% of that revenue to Hyperliquid. Previously, Coinbase and USDC issuer Circle split such interest income 50/50. The move comes as Hyperliquid has emerged as a key distribution channel for USDC, holding approximately $6 billion, or 8% of the stablecoin's total circulating supply. JP Morgan noted that the deal effectively forces Coinbase and Circle into a competitive race to expand USDC's reach, sacrificing their own profitability in the process. The investment bank warned that this arrangement could become a long-term headwind, particularly as the crypto market slows and USDC's circulation has already declined to $73 billion amid the rise of regulatory alternatives.